Corporation tax is paid by Limited Companies on their profits.

Although corporation tax is not payable by the Self Employed it does apply to a number of other business types even though they are not limited companies:-

·          Members clubs, societies & associations

·          Trade associations

·          Housing associations

·          Groups of individuals carrying on a business but not as a partnership (e.g. Co-operatives).

If you do not pay your corporation tax late, file a return incorrectly or don’t inform HMRC that you are liable for the tax you could be charged penalties and fines up to £3000.00.

How we can help

·          We will act as your company’s appointed agents.

·          We can advise if you are liable to pay corporation tax.

·          We will liaise with HMRC on your behalf.

·          We can keep the necessary records for your business to allow the correct liability to be calculated.

·          We can calculate capital allowances on your behalf.

·          We will calculate your liability, complete your corporation tax return and submit it to HMRC for you.

·          We will defend your position in the case of a tax inspectors investigation or enquiry.

Our commitment to you

·          We will inform you of the ongoing costs on a regular basis.

·          We will submit your returns before the statutory filing date (as long as we are provided with the necessary information in good time).